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OFFICE/FLEX SPACE FOR LEASE505 E. NORTH AVECAROL STREAM, IL 60188
Olivia CzyzynskiVice PresidentO: [email protected]
Jennifer HopkinsVice PresidentO: [email protected]
Nathalie FisherAdvisorO: [email protected]
SVN | CHICAGO COMMERCIAL | 940 WEST ADAMS STREET, SUITE 200, CHICAGO, IL 60607 LEASE BROCHURE
• 5,000 - 40,000 SF Office/Flex Space Available For
Lease
• 30,000 SF Available on the 1st Floor, Divisible to
5,000 SF. This Space is Currently Fully Built Out and
was Formerly Occupied by the Village of Carol
Stream Offices
• 10,000 SF Available on 2nd Floor Ideal for Office or
Storage
• Flex/Warehouse Component is Available with Ability
to Add Drive-in-Door
• Located Directly on North Avenue
• Immediately West of the Lighted Intersection of
Schmale Road and North Avenue
• 25 Minute Drive to O'Hare International Airport
• Excellent Location Directly Across from Caputo's
Fresh Market along with Starbucks, Portillo's and
many other Restaurants
• Existing Tenants Include Comcast and First Student
• Abundant Free Parking Including Secure Parking Lot
in Rear Which can be Leased Separately
• Building and Monument Signage Available
Building Highlights
505 E. NORTH AVE, CAROL STREAM, IL 60188 SVN | Chicago Commercial | Page 2The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and
completeness. All SVN® offices are independently owned and operated.
505 E. NORTH AVE CAROL STREAM, IL 60188 SVN | Chicago Commercial | Page 3The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy andcompleteness. All SVN® offices are independently owned and operated.
PROPERTY OVERVIEWThis is a 70,000 SF, multi-tenant office building with 30,000 SF available office/flexspace located on the first floor along with a 10,000 SF second floor vacant officeavailable for lease. The first-floor space can demise down to 5,000 SF spaces. Theground floor was previously the Village of Carol Stream offices and is fully built outoffice space. The second-floor space is accessible by two stairways and is currentlybeing used for storage. It can be built out into office space or as additional drystorage space. The vacancies have high ceilings, built out offices and open spacewhich can be used for cubicles or an open work area. The rear first floor space couldbe ideal as flex space, and roll up delivery doors can be added to the alley side of thebuilding to allow for delivery trucks access from the alley via North Avenue orSchmale Road.
The property has abundant free parking in front of the building. Additionally, there issecured parking in the rear, which can be leased out separately. The property isextremely well located directly on North Avenue just west of the main lightedintersection of Schmale and North Avenue. The property has five access pointsincluding two front access driveways from North Avenue, a side alley which accessesNorth avenue along with and a rear road, Phillips Court, which provides easy accessto Schmale Road.
OFFERING SUMMARY
Lease Rate: $13.00 SF/yr (NNN)
CAM/Taxes: $2.23 SF/yr
Building Size: 70,000 SF
Available SF: 5K - 40K SF
Lot Size: 4.4 Acres
Year Built: 1972
Renovated: 2016
Zoning: B-2
Market: Chicago
Submarket: North DuPage
Traffic Count: 52,100 VPD
County: DuPage
Property Summary
Building Floor Plans
505 E. NORTH AVE, CAROL STREAM, IL 60188 SVN | Chicago Commercial | Page 4The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and
completeness. All SVN® offices are independently owned and operated.
Suites 300-400 Floor Plan (No Furniture)
505 E. NORTH AVE, CAROL STREAM, IL 60188 SVN | Chicago Commercial | Page 5The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and
completeness. All SVN® offices are independently owned and operated.
LOCATION OVERVIEW
Carol Stream is a Western Suburb of Chicago. It has a
large pool of local labor, and a diverse business park.
The Village is home to over 1,000 businesses, 40,000
residents, two million square feet of commercial
building space and 22 million square feet of industrial
building space. The total population is 113,000 within a
3 mile radius, with an average household income of
over $91,000. Carol Stream is located just 35 miles
northwest of Chicago and less than 15 miles
southwest of O'Hare International Airport, with 5 major
roads running through the area: North Avenue, Army
Trail, Gary Avenue, Schmale and County Farm Roads
and easy access to I-355 and Elgin O'Hare Expressway.
Carol Stream was named in Money Magazine as 1 of
the top 100 best places to live nationally and tops
overall in Illinois.
The immediate area on North Avenue has over 52,000
vehicles per day. It is a major East-West thoroughfare
which runs all the way to the city of Chicago. This
stretch along North Avenue in Carol Stream has
experienced significant development in the last 10
years including a new Caputo's Fresh Market and
additional retailers including Starbucks, Subway, Aldi's
Culvers, T-Mobile, Sports Clips and many others. This
market also has well established industrial and office
buildings and business parks. North Avenue is an
excellent location for a businesses to locate their
office or flex needs.
Location Overview
505 E. NORTH AVE, CAROL STREAM, IL 60188 SVN | Chicago Commercial | Page 6The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and
completeness. All SVN® offices are independently owned and operated.
Additional Interior Photos
505 E. NORTH AVE, CAROL STREAM, IL 60188 SVN | Chicago Commercial | Page 7The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and
completeness. All SVN® offices are independently owned and operated.
Additional Exterior Photos
505 E. NORTH AVE, CAROL STREAM, IL 60188 SVN | Chicago Commercial | Page 8The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and
completeness. All SVN® offices are independently owned and operated.
Aerial Map
505 E. NORTH AVE, CAROL STREAM, IL 60188 SVN | Chicago Commercial | Page 9The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and
completeness. All SVN® offices are independently owned and operated.
Neighboring Business Map
505 E. NORTH AVE, CAROL STREAM, IL 60188 SVN | Chicago Commercial | Page 10The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and
completeness. All SVN® offices are independently owned and operated.
Location Maps
505 E. NORTH AVE, CAROL STREAM, IL 60188 SVN | Chicago Commercial | Page 11The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and
completeness. All SVN® offices are independently owned and operated.
505 E. NORTH AVE CAROL STREAM, IL 60188 SVN | Chicago Commercial | Page 12The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy andcompleteness. All SVN® offices are independently owned and operated.
POPULATION 1 MILE 3 MILES 5 MILES
Total Population 10,311 112,793 278,623
Average age 33.6 35.0 37.3
Average age (Male) 32.6 34.1 36.0
Average age (Female) 35.3 35.7 38.3
HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES
Total households 4,216 38,726 99,784
# of persons per HH 2.4 2.9 2.8
Average HH income $68,392 $91,193 $97,442
Average house value $234,747 $376,290 $379,117
* Demographic data derived from 2010 US Census
Demographics Map & Report
Disclaimer
505 E. NORTH AVE, CAROL STREAM, IL 60188 SVN | Chicago Commercial | Page 13The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and
completeness. All SVN® offices are independently owned and operated.
The material contained in this Offering Brochure is furnished solely for the purpose of considering a lease of a portion ofthe property within and is not to be used for any other purpose. This information should not, under any circumstances,be photocopied or disclosed to any third party without the written consent of the SVN® Advisor or Property Owner(“Owner”), or used for any purpose whatsoever other than to evaluate the possible lease of the Property.
The only party authorized to represent the Owner in connection with the lease of the Property is the SVN Advisor listedin this proposal, and no other person is authorized by the Owner to provide any information or to make anyrepresentations other than contained in this Lease Offering Brochure.If the person receiving these materials does notchoose to pursue a lease of the Property, this Lease Offering Brochure must be returned to the SVN Advisor.
Neither the SVN Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy orcompleteness of the information contained herein, and nothing contained herein is or shall be relied upon as a promiseor representation as to the future representation of the Property. This Lease Offering Brochure may include certainstatements and estimates by SVN with respect to the Property. These Assumptions may or may not be proven to becorrect, and there can be no assurance that such estimates will be achieved. Further, the SVN Advisor and the Ownerdisclaim any and all liability for representations or warranties, expressed or implied, contained in or omitted from thisLease Offering Brochure, or any other written or oral communication transmitted or made available to the recipient. Therecipient shall be entitled to rely solely on those representations and warranties that may be made to it in any final, fullyexecuted and delivered Real Estate Lease Agreement between it and Owner.
The information contained herein is subject to change without notice and the recipient of these materials shall not lookto Owner or the SVN Advisor, nor any of their officers, employees, representatives, independent contractors or affiliates,for the accuracy or completeness thereof. Recipients of this Lease Offering Brochure are advised and encouraged toconduct their own comprehensive review and analysis of the Property.
This Lease Offering Brochure is a solicitation of interest only and is not an offer to lease the Property. The Ownerexpressly reserves the right, at its sole discretion, to reject any or all expressions of interest to lease the Property andexpressly reserves the right, at its sole discretion, to terminate negotiations with any entity, for any reason, at any timewith or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the LeaseOffering Brochure or making an offer to lease the Property unless and until the Owner executes and delivers a signedReal Estate Lease Agreement on terms acceptable to Owner, in Owner’s sole discretion. By submitting an offer to lease,a prospective lessee will be deemed to have acknowledged the foregoing and agreed to release the Owner and the SVNAdvisor from any liability with respect thereto.
To the extent Owner or any agent of Owner corresponds with any prospective lessee, any prospective lesse should notrely on any such correspondence or statements as binding Owner. Only a fully executed Real Estate Lease Agreementshall bind the property and each prospective purchaser proceeds at its own risk.